📉 Is DOT preparing for a price explosion or a terrifying fall? 😱
The price of Polkadot (DOT) has broken a downward channel that has persisted for months and successfully breached the 4.05$ level, strengthening a strong bullish scenario.
On the four-hour timeframe, we see a "bullish flag" pattern forming, while on the hourly timeframe, a "double bottom" pattern appears at 3.32$.
✳️ Holding the price above 4.05$ with a strong daily close could push it to 4.43$ then 5.44$.
⚠️ However, breaking the support at 3.75$ may bring the price back to 3.32$ and possibly 3.00$.
The momentum is volatile, and the bullish crossover of the averages indicates a potential upcoming rise… but the market shows no mercy to the indecisive!
🎯 What do you think? Is DOT about to experience a crazy rise or a sudden collapse? Share your predictions in the comments 👇